Aigen Investment Management LP Sells 253 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Aigen Investment Management LP lessened its holdings in shares of Power Integrations, Inc. (NASDAQ:POWI) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,972 shares of the semiconductor company’s stock after selling 253 shares during the period. Aigen Investment Management LP’s holdings in Power Integrations were worth $575,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Power Integrations by 69.8% during the second quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock worth $26,000 after buying an additional 150 shares in the last quarter. Mather Group LLC. grew its holdings in shares of Power Integrations by 22.8% during the 2nd quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 161 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Power Integrations in the second quarter worth $63,000. Quest Partners LLC raised its stake in Power Integrations by 23.5% in the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 240 shares in the last quarter. Finally, Covestor Ltd lifted its position in Power Integrations by 16.3% during the first quarter. Covestor Ltd now owns 1,581 shares of the semiconductor company’s stock worth $113,000 after purchasing an additional 222 shares during the period.

Analyst Ratings Changes

Several equities analysts have commented on POWI shares. TD Cowen decreased their target price on shares of Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Northland Capmk raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Northland Securities upgraded Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Monday, August 12th. Finally, Benchmark reissued a “buy” rating and set a $78.00 price target on shares of Power Integrations in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.00.

Insider Buying and Selling

In other news, VP Doug Bailey sold 8,549 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $64.96, for a total transaction of $555,343.04. Following the completion of the transaction, the vice president now owns 86,375 shares of the company’s stock, valued at approximately $5,610,920. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Sunil Gupta sold 2,127 shares of Power Integrations stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $65.90, for a total transaction of $140,169.30. Following the completion of the transaction, the vice president now owns 51,899 shares of the company’s stock, valued at $3,420,144.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Doug Bailey sold 8,549 shares of Power Integrations stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the transaction, the vice president now directly owns 86,375 shares of the company’s stock, valued at approximately $5,610,920. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,947 shares of company stock worth $713,190 in the last ninety days. Company insiders own 1.70% of the company’s stock.

Power Integrations Stock Performance

Shares of NASDAQ:POWI opened at $63.33 on Thursday. Power Integrations, Inc. has a 52-week low of $56.63 and a 52-week high of $89.68. The company has a market capitalization of $3.60 billion, a PE ratio of 95.96, a price-to-earnings-growth ratio of 6.68 and a beta of 1.10. The company has a fifty day moving average of $62.33 and a 200-day moving average of $67.99.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The business had revenue of $115.84 million during the quarter, compared to analysts’ expectations of $114.83 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, equities analysts forecast that Power Integrations, Inc. will post 0.56 EPS for the current fiscal year.

Power Integrations Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Power Integrations’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 1.33%. Power Integrations’s dividend payout ratio (DPR) is currently 121.21%.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.